XML 69 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Mar. 31, 2013
Revenues:      
Software, hardware and supplies $ 61,373qsii_SoftwareHardwareAndSuppliesRevenues $ 60,834qsii_SoftwareHardwareAndSuppliesRevenues $ 88,572qsii_SoftwareHardwareAndSuppliesRevenues
Implementation and training services 23,648us-gaap_TechnologyServicesRevenue 25,948us-gaap_TechnologyServicesRevenue 35,008us-gaap_TechnologyServicesRevenue
System sales 85,021us-gaap_SalesRevenueGoodsNet 86,782us-gaap_SalesRevenueGoodsNet 123,580us-gaap_SalesRevenueGoodsNet
Maintenance 169,219us-gaap_MaintenanceRevenue 160,060us-gaap_MaintenanceRevenue 156,771us-gaap_MaintenanceRevenue
Electronic data interchange services 76,358qsii_ElectronicDataInterchangeServicesRevenues 67,295qsii_ElectronicDataInterchangeServicesRevenues 59,709qsii_ElectronicDataInterchangeServicesRevenues
Revenue cycle management and related services 74,237qsii_RevenueCycleManagementAndRelatedServicesRevenue 62,976qsii_RevenueCycleManagementAndRelatedServicesRevenue 59,219qsii_RevenueCycleManagementAndRelatedServicesRevenue
Other services 85,390us-gaap_SalesRevenueServicesGross 67,554us-gaap_SalesRevenueServicesGross 60,950us-gaap_SalesRevenueServicesGross
Maintenance, EDI, RCM and other services 405,204us-gaap_SalesRevenueServicesNet 357,885us-gaap_SalesRevenueServicesNet 336,649us-gaap_SalesRevenueServicesNet
Total revenues 490,225us-gaap_SalesRevenueNet 444,667us-gaap_SalesRevenueNet 460,229us-gaap_SalesRevenueNet
Cost of revenue:      
Software, hardware and supplies 24,693qsii_SoftwareHardwareAndSuppliesCharges 44,226qsii_SoftwareHardwareAndSuppliesCharges 21,750qsii_SoftwareHardwareAndSuppliesCharges
Implementation and training services 23,902us-gaap_TechnologyServicesCosts 29,681us-gaap_TechnologyServicesCosts 30,896us-gaap_TechnologyServicesCosts
Total cost of system sales 48,595us-gaap_CostOfGoodsSold 73,907us-gaap_CostOfGoodsSold 52,646us-gaap_CostOfGoodsSold
Maintenance 28,866us-gaap_CostOfServicesMaintenanceCosts 22,590us-gaap_CostOfServicesMaintenanceCosts 20,316us-gaap_CostOfServicesMaintenanceCosts
Electronic data interchange services 48,244qsii_ElectronicDataInterchangeServicesCost 42,567qsii_ElectronicDataInterchangeServicesCost 38,350qsii_ElectronicDataInterchangeServicesCost
Revenue cycle management and related services 54,406qsii_RevenueCycleManagementAndRelatedServicesCost 46,203qsii_RevenueCycleManagementAndRelatedServicesCost 43,324qsii_RevenueCycleManagementAndRelatedServicesCost
Other services 43,053us-gaap_OtherCostOfServices 34,896us-gaap_OtherCostOfServices 35,016us-gaap_OtherCostOfServices
Total cost of maintenance, EDI, RCM and other services 174,569us-gaap_CostOfServices 146,256us-gaap_CostOfServices 137,006us-gaap_CostOfServices
Total cost of revenue 223,164us-gaap_CostOfGoodsAndServicesSold 220,163us-gaap_CostOfGoodsAndServicesSold 189,652us-gaap_CostOfGoodsAndServicesSold
Gross profit 267,061us-gaap_GrossProfit 224,504us-gaap_GrossProfit 270,577us-gaap_GrossProfit
Operating expenses:      
Selling, general and administrative 158,172us-gaap_SellingGeneralAndAdministrativeExpense 149,214us-gaap_SellingGeneralAndAdministrativeExpense 148,353us-gaap_SellingGeneralAndAdministrativeExpense
Research and development costs 69,240us-gaap_ResearchAndDevelopmentExpense 41,524us-gaap_ResearchAndDevelopmentExpense 30,865us-gaap_ResearchAndDevelopmentExpense
Amortization of acquired intangible assets 3,693qsii_AmortizationOfAcquiredIntangibleAssets1 4,805qsii_AmortizationOfAcquiredIntangibleAssets1 4,859qsii_AmortizationOfAcquiredIntangibleAssets1
Impairment of goodwill and other assets 0us-gaap_GoodwillAndIntangibleAssetImpairment 5,873us-gaap_GoodwillAndIntangibleAssetImpairment 17,400us-gaap_GoodwillAndIntangibleAssetImpairment
Total operating expenses 231,105us-gaap_OperatingExpenses 201,416us-gaap_OperatingExpenses 201,477us-gaap_OperatingExpenses
Income from operations 35,956us-gaap_OperatingIncomeLoss 23,088us-gaap_OperatingIncomeLoss 69,100us-gaap_OperatingIncomeLoss
Interest Income (Expense), Net (230)us-gaap_InterestIncomeExpenseNet 269us-gaap_InterestIncomeExpenseNet (107)us-gaap_InterestIncomeExpenseNet
Other income (expense), net (62)us-gaap_OtherNonoperatingIncome (356)us-gaap_OtherNonoperatingIncome (79)us-gaap_OtherNonoperatingIncome
Income before provision for income taxes 35,664us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 23,001us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 68,914us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Provision for income taxes 8,332us-gaap_IncomeTaxExpenseBenefit 7,321us-gaap_IncomeTaxExpenseBenefit 26,190us-gaap_IncomeTaxExpenseBenefit
Net income 27,332us-gaap_NetIncomeLoss 15,680us-gaap_NetIncomeLoss 42,724us-gaap_NetIncomeLoss
Foreign currency translation (net of tax) (117)us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax (107)us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax 34us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
Unrealized gain (loss) on marketable securities (net of tax) 107us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax (64)us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax 0us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
Comprehensive income $ 27,322us-gaap_ComprehensiveIncomeNetOfTax $ 15,509us-gaap_ComprehensiveIncomeNetOfTax $ 42,758us-gaap_ComprehensiveIncomeNetOfTax
Net income per share:      
Basic $ 0.45us-gaap_EarningsPerShareBasic $ 0.26us-gaap_EarningsPerShareBasic $ 0.72us-gaap_EarningsPerShareBasic
Diluted $ 0.45us-gaap_EarningsPerShareDiluted $ 0.26us-gaap_EarningsPerShareDiluted $ 0.72us-gaap_EarningsPerShareDiluted
Weighted-average shares outstanding:      
Basic 60,259us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 59,918us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 59,392us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted 60,849us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 60,134us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 59,462us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Dividends declared per common share $ 0.7us-gaap_CommonStockDividendsPerShareDeclared $ 0.7us-gaap_CommonStockDividendsPerShareDeclared $ 0.7us-gaap_CommonStockDividendsPerShareDeclared